Looking to diversify beyond CTAP? The ETFs below have historically moved differently from CTAP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CTAP
1861 ETFs have low correlation with CTAP (below 0.3), 332 of which are negatively correlated. The least correlated is Global X Short-Term Treasury Ladder ETF (SLDR) (Government Bonds) with a 1Y correlation of -0.18, roughly unchanged from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Short-Term Treasury Ladder ETF | -0.18 | -0.18 | -0.18 | 89 | Government Bonds, Short-Term Bond | CTAP vs SLDR | |
| Franklin Short Duration U.S. Government ETF | -0.18 | -0.18 | -0.18 | 96 | Mortgage Backed Securities | CTAP vs FTSD | |
| BondBloxx Bloomberg Two Year Target Duration US Tr... | -0.16 | -0.16 | -0.16 | 86 | Government Bonds | CTAP vs XTWO | |
| iShares Core 1-5 Year USD Bond ETF | -0.16 | -0.16 | -0.16 | 79 | Short-Term Bond | CTAP vs ISTB | |
| Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | -0.16 | -0.16 | -0.16 | 69 | Short-Term Bond | CTAP vs NUSA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CTAP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cohen & Steers Quality Income Realty Fund, Inc. (RQI) (Financial Services) with a 1Y correlation of -0.00, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund, Inc. | -0.00 | -0.00 | -0.00 | 66 | Financial Services | |
| Reaves Utility Income Trust | 0.22 | 0.22 | 0.22 | 55 | Financial Services |
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